Trading Tjx Companies TJX With Integrated Risk Controls
November 19, 2022, 06:15 am ET, BY Bill- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for TJX
- Buy TJX slightly over 68.19 target n/a stop loss @ 67.99. Details
The technical summary data tells us to buy TJX near 68.19, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 67.99 to protect against excessive loss in case the stock begins to move against the trade. 68.19 is the first level of support below 78.16, and by rule, any test of support is a buy signal. In this case, if support 68.19 is being tested, a buy signal would exist.
- NONE . Details
NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.
Swing Trading Plans for TJX
- Buy TJX slightly over n/a, target n/a, Stop Loss @ 0 Details
If n/a begins to break higher, the technical summary data tells us to buy TJX just slightly over n/a, with an upside target of n/a. The data also tells us to set a stop loss @ 0 in case the stock turns against the trade. n/a is the first level of resistance above 78.16, and by rule, any break above resistance is a buy signal. In this case, n/a, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short TJX slightly near n/a, target 77.99, Stop Loss @ 0. Details
The technical summary data is suggesting a short of TJX if it tests n/a with a downside target of 77.99. We should have a stop loss in place at 0 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, n/a, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for TJX
- Buy TJX slightly over 78.84, target n/a, Stop Loss @ 78.66 Details
If 78.84 begins to break higher, the technical summary data tells us to buy TJX just slightly over 78.84, with an upside target of n/a. The data also tells us to set a stop loss @ 78.66 in case the stock turns against the trade. 78.84 is the first level of resistance above 78.16, and by rule, any break above resistance is a buy signal. In this case, 78.84, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short TJX slightly near 78.84, target 77.99, Stop Loss @ 79.02. Details
The technical summary data is suggesting a short of TJX if it tests 78.84 with a downside target of 77.99. We should have a stop loss in place at 79.02 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 78.84, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Tjx Companies (TJX) available here: TJX.
TJX Ratings for November 19:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Neutral |
| P1 |
0 |
0 |
54.87 |
| P2 |
76.73 |
74.58 |
61.65 |
| P3 |
78.84 |
77.99 |
68.19 |
AI Generated Signals for TJX
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for TJX:
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